Retail insolvencies have risen by 19.65 per cent in the nine months to March 31 this year compared to the same period in FY24, new data from the Australian Securities and Investments Commission (ASIC) revealed.
Collapses in retail are now at 804 all up in FY25 so far – across first, subsequent and transitional appointments – with the going trajectory indicating that insolvencies will surpass FY24’s full-year retail collapses of 963.
The surge in retail insolvencies add to an overall record surge in business collapses across all industries. ASIC data shows there was a 36.2 per cent increase in companies entering external administration in FY25 financial year-to March 31.
Accounting firm BDO claims these numbers indicate that…